ORLANDO—Bent Oak Industrial Park, a two-building class A industrial park spanning 703,920 square feet of rentable space over 39-acres at 1701 and 1802 Boice Pond Road in Orlando, is hitting on all cylinders. McCraney Property Company, developer of the industrial asset, just inked yet another lease at the park. This one spans 67,136 square feet.

"This lease is representative of businesses seeking a flight for quality and convenience to properly position themselves for the current trends of our economies," Steven McCraney, CEO of McCraney, tells GlobeSt.com. "Speed to market, emphasis on customer service and growing competition for customer acquisition are just some of the reasons businesses are ensuring they are aligned with the top efficiencies available. We have consistently reverse engineered the approach to industrial product, working alongside businesses prior to development to provide a unique offering in our sector.”

Within the past three months, McCraney has inked over 166,350 square feet of transactions at Bent Oak to two tenants. That brings the industrial park to 51% occupancy.

The newest lease is with Blue Line Food Service Distribution, one of the nation's major foodservice logistics companies which serves as the main logistic provider for Little Caesars Pizza. Blue Line is relocating within Orlando to Bent Oak, located within Orlando's Beachline Expressway-Florida Turnpike interchange, as part of a larger flight to quality trend.

"This lease is representative of a growing requirement of businesses to have 'hub and spoke' approaches to logistics strategies to complement larger facilities and ensure distribution efficiencies,” says McCraney. "Our central location and immediate access to major thoroughfares allows e-commerce companies, franchises and multi-location businesses in close proximity to Central Florida to be serviced in-line with the markets' growing demand."

McCraney was able to accommodate Blue Line's request for housing its $1.7 million cooler in the tenant's space. To meet demand for its product, McCraney announced plans in the third quarter of 2015 for a second phase of Bent Oak through a JV partnership with Clarion Partners. The proposed development will span 1,125,330-square-feet on an adjacent 66 acres—the largest remaining parcel of land at the intersection of Taft Vineland Road and the Florida Turnpike in Orange County.

Matt Sullivan, managing director and principal with Cite Partners, represented McCraney during the latest transaction at the property.